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Strategies & Market Trends : Roger's 1998 Short Picks
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To: virgil vancleave who wrote (13031)8/21/1998 2:24:00 AM
From: space cadet  Read Replies (1) of 18691
 
virgil, I have a very similar outlook. lgto is a tempting short near 50 and I think in a weak market it will fall to 40, where it has a ton of support. Long term it is in a great industry with lucrative margins, etc, but short term there's a good chance it hits 40. spln and ptvl will definitely correct once the market hits a downdraft. I really like the semi's and semi equipment companies as the best and safest shorts. Sure they are already down a bunch but they have zero probability of going higher so at worst you'll break even. And I do think they will still collapse another 30-50% from here, a lot of them. Intel could easily hit the 70's and in a correction will retest 65 again. I still like amat and veco for overpriced semi's but they both went down quite a bit today. I don't see a single semi/equip company that shouldn't go down quite a bit over the next couple months. That's definitely the no risk way to short stuff.
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